10,857.17 TRY BIST 100 BIST 100
48.94 EUR EUR EUR
42.44 USD USD USD
6.02 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.31 TRY Interest Interest
62.71 USD Fossil Oil Fossil Oil
71.00 USD Silver Silver
5.13 USD Copper Copper
104.42 USD Iron Ore Iron Ore
345.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,665.72 TRY Gold (gr) Gold (gr)

Chinese support for metals

Metals, especially iron ore, rose after the debt-hungry Chinese real estate giant Evergrande Group announced that many suspended housing projects would restart.

Chinese support for metals

Iron ore and some other metals rose after the Evergrande Group, one of China's largest housing developers, announced that 668 of the 706 discontinued projects will restart.

It is expected that the latest development after the boycotts in 100 cities, initiated by housing customers protesting the incomplete real estate projects in the country, will give the sector a breather.

Futures in Singapore rose 1.7 percent to $103.85 a tonne. Futures contracts on the Dalian Stock Exchange closed at 728.50 yuan, up 1.1 percent.

Aluminum rose 1.1 percent on the London Metal Exchange and traded at $2,307.50. Many metals rose, including copper. The decline in the dollar also supported the base metals.

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